Monday, June 3, 2013

Niftyday expectation for Week 23rd of Niftyday June 3, 2013

As per our last Week Analysis, Nifty behaved in expected way and confirm developing head and shoulder pattern.
Now it is poised to stay some time in lower zone.

Expected Future pattern
Nifty is about to made a crossover between, 20 day EMA and 20 day SMA
5853 is showing good support because of combined effect of retrenchment and Monthly Pivot.
5870 is Weekly second support,
If you are still carring short position, book profit at around 5870 my target is 5853

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